GBPUSD Mar 02 to Mar 06 Outlook

By News Robot

Lawrence’s Comment

Recap
Pushing higher as expected and get near Y+2 before stalling. Closed the week above Y-0 and near midpoint.

Outlook
Signs of exhaustion in the up trend points to potential consolidation or a steep pullback in the making. Latter case requires Y+1 acting as resistance to send cable back down to Y-1 and the all important 1.53 pocket.

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